Marwyn Value Investors Share Discussion Threads

[cwa1] 09/12/2024 16:28

PDMR Dealings...



The Company announces that it has been notified that James Corsellis, partner of Marwyn Investment Management LLP, the manager of the Company, purchased 35,000 Ordinary Shares in the Company at a price of 86.48 pence per share on 9 December 2024. James Corsellis now holds 6,311,811 Ordinary Shares, representing approximately 11.16% of the Company's voting rights.

[bdbd11] 20/11/2024 09:40

15% fall since the top for no apparent reason. Any ideas?

[cwa1] 14/11/2024 08:34

ADVT ahead this morning on interims

[skyship] 27/9/2024 08:40

Ah yes, see it in the Interim Report. So a lower payout going forward.

[cwa1] 27/9/2024 07:39

TBF they definitely get a mention!

Shareholder Distributions
Since 2013, we have distributed over £81m to
ordinary shareholders. Whilst the Company
historically held a significant cash balance as the
Manager was seeking to gradually deploy the
Company’s capital, we have continued to pay an
annual dividend of 9.06p per share, equivalent to
a 9.6% yield based on the share price at the end
of August 2024.
We are pleased to have reached a point where
the Company is now substantially invested, with
sufficient remaining capital to be used to support
follow-on investments, operating expenses and an
ongoing shareholder dividend policy. We remain
committed to a dividend policy as a principle,
however, it is logical that now the Company is
focused on NAV growth as the primary driver
of shareholder value, the dividend should be
primarily funded from income instead of capital.
As such, we expect the level of ongoing dividend
to decrease from Q1 2025 onwards, but commit
to the Q4 2024 dividend of 2.265p per share being
paid as expected.
We are in ongoing consultation with shareholders
and expect to make a further announcement prior
to the end of the year regarding any changes to the
Company’s distribution policy. The Manager and
directors together are major shareholders in the
Company and are supportive of paying ongoing
dividends at a sustainable level and recognise the
importance to many investors of doing so.

[skyship] 27/9/2024 07:36

"LOL, I see"........????

Where do you see?

I see no mention of dividends!

[cwa1] 27/9/2024 07:23

LOL, I see! Surely decreased AFTER the Q4 dividend rather than gone would be a fairer way to put it? ;-)

[tiltonboy] 27/9/2024 07:17

The divi. Yield zero soon

[cwa1] 27/9/2024 07:12

Ughhhh, too early in the morning and pre-coffee are my only excuses tilts...but...what has gone? :-/

Cheers

[tiltonboy] 27/9/2024 07:07

...and just like that it's gone!

[cwa1] 18/9/2024 07:53

ZEG ahead yesterday and moving in the right direction today too. SAA results out and seem to be positively received by the market too

[tiltonboy] 10/9/2024 07:01

No yield when they stop paying the dividend(sic)

[skyship] 09/9/2024 13:03

6th Sep'24 NAV: 187.2p. At 95p offer price: Discount 49.3%. Yield 9.54%

[tiltonboy] 25/8/2024 16:16

No, he is chairman of two of their investments

[netcurtains] 25/8/2024 08:32

Does Lord Ali - the guy on the front page of todays Times own this company?

[cerrito] 20/8/2024 20:16

Surprised to read this in the Proactive Investors round up. The Liberum note is not on Research Tree
quote
MVI delivered 'particularly strong' returns between 2008 and 2015, driven by several high-profile realisation events and Panmure Liberum believes it is poised for another high return phase.

“Potential NAV catalysts over the next 12-24 months include what could be materially positive outcomes from Zegona’s now completed acquisition of Vodafone Spain, likely growth at AdvancedAdvT as software businesses are built out by Vin Murria, and building on the much-improved performance at Le Chameau.

“We also see good potential in MAC2’s recently agreed acquisition of InvestAcc," added the broker. “The consolidation strategy could be a significant value driver.”

Shares were up 1.6% at 96.5p on Tuesday.
unquote

[bdbd11] 02/8/2024 15:54

tiltonboy, advt and zeg now make up 71p of the nav - hence my bullish assessment. I do however appreciate your view and input. Perhaps selling down a portion of the zeg holding to return to investors might be the sensible move.

[tiltonboy] 31/7/2024 12:11

bdbd,

The issue with that is Le Chameau is over 40% of the balance. I'm not certain that the latest fundraise there wasn't to prop the business up.

Hopefully MAC11 will come good and add value, but MVI had to put more into that than they ideally wanted to. Nobody was fighting to invest into that one alongside them¬

There is sufficient cash to probably pay the next two "dividends" but what then.

Perhaps sell-down some of the ZEG holding to give shareholders their own money back and continue the gravy train

[arthur_lame_stocks] 31/7/2024 11:46

I'm thinking of selling some, maybe all, after the next dividend. I can't really figure out the accounts and I'm not sure it's necessarily sustainable for more than the next couple of years.

[bdbd11] 31/7/2024 11:29

Indeed Tiltonboy. But taking ADVT and ZEG at priced value, that translates to the balance of the portfolio trading at a circa 75% discount to NAV!

[tiltonboy] 31/7/2024 11:09

Unfortunately they only account for 65p of NAV. Until we see some movement on the other holdings, I struggle to see them going much higher

[bdbd11] 31/7/2024 10:56

Hard to see this staying below £1 for much longer. ADVT results were great and ZEG share price moving strongly. Topped up at 96.22.

[gleach23] 24/7/2024 10:41

Yes, currently up 12.5% and over £3. The ZEG holding recently represented 12% of NAV IIRC so it should act as a hefty nudge to the share price here at some point.

[cwa1] 24/7/2024 08:40

Another good day for ZEG :-)

[cwa1] 23/7/2024 10:45

ZEG seem to be on the move today